With the introduction of BVDs, the IT organisations are gaining the upper hand and fusing critical business indexes with IT KPIs. Throughout the forecast period, the business value dashboard market is anticipated to grow at a CAGR of 17.3%.
The market for corporate value dashboards is expected to be worth US$ 1290.0 million in 2022. By the year 2032, the market for business value dashboards is anticipated to reach a high of US$ 6350.0 million.
The growing need for validation, analysis, and communication amongst the different verticals of the organizations is fueling the adoption and deployment of business value dashboards to ease up the procedures within the interconnected resources.
Micro focus business value dashboards are alleviating the conveniences for end users by adding personalization facilities for figuring out the bottlenecks within the thousands of unities and curating dashboards comprehensive to the exact needs.
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Business Value Dashboard Market: Drivers and Challenges
Few of the major driving factors of the business value dashboard market are the vast volume of data that IT and other industries need to monitor and understand, and the need to find the elements of that vast volume of data that influence things that the business cares about and is important for their success. In addition to this, when any enterprise migrates to a better IT infrastructure, business value dashboards helps in determining the elements that prove to be a bottleneck in this transition, thereby making the transition smooth.
Hence business value dashboards are an essential part of any IT migration project as they allow IT managers, administrators, schedulers, executives and others to analyze and visualize all existing data, glean insights into bottlenecks and hold-ups and find ways to streamline their project as well as have data-driven discussions.
The Business Value Dashboard market refers to the segment of the software industry that provides tools and solutions for tracking and measuring business value metrics. Business Value Dashboards are software applications that display key performance indicators (KPIs) and other metrics that are relevant to a company’s strategic goals and objectives.
These dashboards can be used by executives, managers, and other stakeholders to monitor and analyze business performance in real-time, and to make data-driven decisions. The data displayed in these dashboards can be drawn from various sources, such as sales data, customer data, financial data, and operational data.
The Business Value Dashboard market is growing rapidly as more companies seek to adopt data-driven decision-making processes. Some of the leading vendors in this market include Tableau, Microsoft Power BI, QlikView, SAP Lumira, and Oracle Business Intelligence.
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Key companies identified in the market are
- Hewlett Packard Enterprise
- Interlink Software Services Ltd.
- eMite
- Salesforce.com
- PureShare by TeamQuest
- Proxima Software Solutions
- Tableau Software
- International Business Machines Corporation
- ServiceClarity
Key Segments in the Business Value Dashboard Market
By Component:
- Software
- Services
By Segmentation:
- Software-as-a-Service
- On-premises
By Verticals:
- BFSI
- IT and Telecommunications
- Retail
- Healthcare
- Manufacturing
- Utilities
- Government & Defense
- Transportation
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
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